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20130106
20130114
Search Results 0 to 7 of about 8 (some duplicates have been removed)
hagel, the man president obama has nominated to lead the defense department, has called the pentagon bloated and warned the agency has not made important strategic decisions. his nomination comes as lawmakers have been looking at taking a trillion out of defense spending over the coming decade. but as darren gersh reports, hagel may be forced to cut a lot more than that. >> reporter: former senator chuck hagel is a vietnam vet, so when he accepted the president's nomination as secretary of defense, it was fitting his thoughts turned first to the troops. >> these are people who give so much to this nation everyday with such dignity and selflessness. >> reporter: but if he is confirmed, one of hagel's toughest jobs will be deciding how much to cut back the size of the military and the size of military paychecks. that won't be easy. >> despite all the conspiracy theories about the defense industry, it's actually a lot easier to cut weapons than to cut personnel costs. when you try to cut military pay and benefits, you run into a buzzsaw on capitol hill. >> reporter: if you count benefit
obama nominated former rebublican senator chuck hagel as his next secretary of defense. hagel is a decorated vietnam veteran and former businessman. the president called him, "the leader our troops deserve." >> as a successful businessman he also knows that even as we make tough fiscal choices, we have to do so wisely, guided by our strategy, and keep our military the strongest fighting force the world has ever known. >> tom: hagel's not a shoe-in for the position. he's received criticism for his record on israel, iran, and gay rights. current defense secretary leon panetta says he will retire when his replacement is approved by the senate. >> tom: tonight we begin a new weekly series here on nbr. we partnered with some of the nation's top universities to bring you the best research on business, the economy and investing. we call it nbru. now our partners in this combine over 400 years of business knowledge. they include harvard university, standford, wharton and vanderbilt universities. each monday we will speak with top professors about key money issues and you can read in-d
Search Results 0 to 7 of about 8 (some duplicates have been removed)